Good day Traders!
Have the institutions trapped buyers at 2400-ATH ?
One would think so as the break above 2400 was strong but the subsequent move down was stronger! - A likely institutional footprint
As a result of this $2400 price manipulation a 4H OrderBlock was formed and respected since, followed by bearish shifts in markets structure.
We now have a fresh 4H Bearish OrderBlock that I refined down to the 1H where I anticipate smart money to push prices lower from, given our notion of 2400 price having buyers trapped.
- If this OrderBlock holds, seeing bearish market structure shifts from it, then lower prices are probable!
Lets see what happens, stay tuned and happy trading!
Have the institutions trapped buyers at 2400-ATH ?
One would think so as the break above 2400 was strong but the subsequent move down was stronger! - A likely institutional footprint
As a result of this $2400 price manipulation a 4H OrderBlock was formed and respected since, followed by bearish shifts in markets structure.
We now have a fresh 4H Bearish OrderBlock that I refined down to the 1H where I anticipate smart money to push prices lower from, given our notion of 2400 price having buyers trapped.
- If this OrderBlock holds, seeing bearish market structure shifts from it, then lower prices are probable!
Lets see what happens, stay tuned and happy trading!
